Supply bottlenecks leave container ships stranded
NEW YORK : Due to the COVID-19 outbreak, a trade bottleneck has left US businesses in a perplexed situation as they await goods from Asia — while off the coast of California, dozens of
Adani Ports to acquire additional 58.1% stake in Gangavaram Port
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) has announced it will acquire the 58.1% stake held by D.V.S. Raju and family in Gangavaram Port Limited (GPL) for ₹3,604 crore. The deal is
Strong GDP growth in FY22 to drive logistics demand: Ind-Ra
Mumbai: Strong GDP Growth in Financial year 2022 will drive logistics demand India Ratings and Research said. According to the agency, strong-to-moderate recovery is already being witnessed across various logistics sub-sectors. Besides, commissioning of the
Victory for Iran: India nears completion of Chabahar
CHABAHAR / NEW DElHi : The second batch of equipment supplied by India has reached Chabahar, Iranian and Indian officials say, bringing New Delhi closer to full operation of the two terminals which it
CSSC delivers 6th LNG-powered giant to CMA CGM
JIANGNAN : China State Shipbuilding Corporation (CSSC) has named and delivered CMA CGM Montmartre, the 6th LNG-powered 23,000 TEU containership, to the French liner company CMA CGM. Built by Jiangnan Shipyard, the vessel forms
Centre not handing over major ports to private parties: Mandaviya
NEW DELHI : The Centre is not handing over major ports to private parties and has only sought private sector participation in projects on PPP mode, Parliament was informed on Monday. India has 12
DGFT to go fully digital, contactless, faceless, paperless: Commerce Secretary
NEW DELHI : The Directorate General of Foreign Trade (DGFT) will soon be completely digitised with the rollout of newer IT systems in a phased manner, enabling virtual offices to be created that are
Last ditch effort underway to salvage DP World-run transshipment terminal in Cochin Port
MUMBAI : The Centre-owned Cochin Port Trust and DP World are exploring ways to fund a ₹400 crore plan to deepen the channel of India’s only International Container Transshipment Terminal (ICTT) at Vallarpadam run